India's Satyam Q1 net up 7 pct, below f'cast

(Reuters) - A Reuters poll had forecast a mean net profit of 3.89
billion rupees for Satyam, whose leading customers include
General Electric and Qantas Airways Ltd. .




Satyam reported its results after bigger rivals Tata
Consultancy Services Ltd. and Infosys Technologies
Ltd. beat expectations. Third-ranked Wipro Ltd.
had missed forecasts.


Read more at Reuters.com Market News

UPDATE 2-India's Wipro buys Singapore's Unza for US$246 mln

(Reuters) - BANGALORE, July 6 - India software provider Wipro
Ltd. has acquired Singapore's Unza Holdings Ltd.,
which makes personal care products, for about US$246 million,
as it continues on a buying spree in search of stronger growth.




The cash acquisition lifted shares of Wipro, which has a
market value of $18 billion, to end over 3 percent higher at
519.45 rupees in a firm Mumbai market.


Read more at Reuters.com Mergers News